jason (w/acc)

@jasonkim.eth

347 Following

1319 Followers

jason (w/acc) pfp

Of course that’s your contention. You’re new to Farcaster, right? You probably just read some thread on ‘How to Optimize Your Timeline by Hiding Bots.’ So now you think it’s the golden solution. But next week, you’ll be on about ‘boosting authentic engagement,’ and then in a month, it’ll be ‘custom algorithms for power users’ like it’s the answer to everything. And you’ll probably toss in ‘community-driven moderation’ like it’s some brand-new revelation.

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you have to break a couple gregs to make a tommelette but yeah we're refunding fees from our failed experiment #42215 we're in the lab cooking on changes and new stuff stay tuned

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Tyrese Haliburton might be the most clutch player I've ever seen

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dan how do i sign up for this i can't figure it out i didn't get a notif on mobile

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always bullish on base builders and especially @ace and @peter supporting them with $truth

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thank you for the thoughts and also early support gonna patch things and rework things 1000x also see how we can remedy for early precoin supporters and also make sure comms are way more clear going fwd

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try clicking again and lmk

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did you try claiming on the mini app? should be able to!

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jason (w/acc) pfp

definitely - gonna completely rework how precoin work for sure tighter integration with clanker or just only do precoins for launches that happen on our platform so we can control from the 1st block also probably gonna remove the pre-coin erc20 component and move to an eth vault or something similar

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definitely got stress tested today 😢 but gonna rework to make it 10x better

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6. People are confused as to why if they put $100 in the precoin they got $10 in w, it's not a 10:1 allocation, this is partially because of the snipers and partially because the precoin:coin allocation wasn't ever 1:1 but proportional to amount in precoin LP 7. So if you had 10% in precoin supply you get 10% of whatever the market bought amount would be in the clanker coin (today that was 7.5B in total supply in clanker bought by precoin). We did communicate that over and over again, but could have made that way more clear for users in designs etc 8. We underestimated snipers when we were testing internally with test coins on prod, but should have known snipers would be working overtime for a more hyped clanker 👇

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9. My cofounder's stake of $45K in $prephil became $3.8K in $w and many users experienced similar results 10. We're gonna change up a lot of how precoin works including working tighter with clanker on anti snipe measures, and potentially changing the precoin part to a linear ETH vault that's not an ERC20 on bonding curve to give users a more linear distro 11. Also boro has no plans on selling any $w that he claimed, the meme is good and it's only day 1

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Quick retro on today's first @precoin -> coin launch. This didn't really go amazing and I apologize - we're making a lot of changes to refine the idea: 1. We built precoin because we wanted a tool/way for people to speculate on someone launching a coin before it launches 2. Pre_phil started because we saw on the timeline that phil was gonna launch a clanker (phil has no affiliation precoin is permissionless) 3. People put money (with my cofounder boro having a $45K stake/ the largest on farcaster) into pre_phil to get access to $w (phil's launch) 4. Precoin worked as designed and our system automatically bought $w as soon as it launched (4th block, 7 seconds post launch) 5. However we were the 13th transaction and it got sniped 12 times before we market bought 👇

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@farcasteradmin.eth

hi all 👋 today, the first lp migration happened for precoin->clanker launch with @phil’s $w coin, here’s a quick retro: we built precoin because we wanted to use a tool/have an easier way to create some type of prediction market where users can buy into a coin’s launch before it launches we tested it out for the first time in the wild today with $w - the migration of $pre_phil lp to $w happened before clanker replied and we were the 13th transaction, and on the 4th block, 7 seconds after token was deployed - to dogfood the first launch i had a $45,000 stake (largest out of any farcaster users by far) in $pre_phil that became a $3.8k stake in $w and many people experienced the same and are wondering why - first, the migration from precoin->coin was never meant to be 1:1 (this was clearly communicated); the lp in the precoin pool is used to market buy $w after it launches, and users were going to be able to claim a proportional stake in the clanker coin 👇

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jason (w/acc) pfp

ah good call we'll add

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can you try refreshing and trying again? 🙏

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Zach Harris pfp

@zachharris.eth

@jasonkim.eth just created a futures market to bet on builders and based on your conviction rate get some early alpha skin in the game by seeding a pre-sale pool 💦 IMO he should be #1 on the @precoin leaderboard 🐳 @farcasteradmin.eth wen pre-boro 🪙 This week has been big with @noiceapp and @precoinfun 📈 Alt szn back soon

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gonna be stress tested tmr fr

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its been tested a bit internally not fully in the wild yet it’s not necessarily the very “first” tx but is sufficiently early to be one of the first few txns if phil launches on friday we will see how it all shakes out

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